Revised audit qualification statement filed after BSE discussion
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Awaiting price reaction for this filing.
Company resubmitted revised Audit Qualification statement for FY26 after BSE discussion. Auditor Milind Nyati issued a Disclaimer of Opinion because the firm sold its main manufacturing plant and now lacks significant operations. Going concern was flagged as management could not provide 12-month cash flow projections. FY26 total income Rs 25.83 lakh (down from Rs 35.36 lakh); revenue from operations nil. Net profit turned positive at Rs 6.87 lakh versus prior year loss of Rs 12.68 lakh. EPS Rs 0.17.
Disclaimer of opinion and going concern flag are serious red flags. Investors should watch for any concrete business revival plans.